The chain has 14 locations in the US, along with two international spots.
By Chloe will seek to sell itself, and was loaned $3.25 million by investors to fund the process, according to The Wall Street Journal.
As part of the proceedings, Jimmy Haber stepped down from the board and his role as interim CEO, with Catey Mark Meyers replacing him as interim chief executive.
Popular vegan restaurant chain By Chloe is filing for bankruptcy.
According to The Wall Street Journal, BC Hospitality Group Inc., parent company for the chain, filed for chapter 11 bankruptcy protection this week and is exploring a sale.
Plant-based concept By Chloe files Chapter 11 bankruptcy | Nation s Restaurant News nrn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nrn.com Daily Mail and Mail on Sunday newspapers.
by CHLOE. Commences Voluntary Financial Restructuring
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Plant-based, fast casual restaurant has filed for a voluntary financial restructuring designed to position the Company for future growth and long-term success NEW YORK (PRWEB) December 14, 2020 Plant-based, fast casual restaurant by CHLOE., with fourteen locations in the U.S., has filed for a voluntary financial restructuring designed to position the Company for future growth and long-term success. The restaurant group has obtained new working capital financing from a consortium of its existing investors that will provide ample liquidity for by CHLOE. to continue operating and supporting its employees during the process.
Concurrent with the filing of voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in Delaware, Jimmy Haber has stepped down as CEO. by CHLOE.’s Board of Directors has commenced a search for a new CEO to lead the
Fast Casual By Chloe Files for Bankruptcy qsrmagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from qsrmagazine.com Daily Mail and Mail on Sunday newspapers.